Vishal Garg, founder and former CEO of Better Home & Finance Corporation, has filed a definitive consent statement and an accompanying GREEN consent card with the Securities and Exchange Commission seeking to remove five directors from the company's board. The filing, made under amended DFAN 14-A 1, targets board members Daniel Lewis, Harit Talwar, Arnaud Massenet, Bhaskar Menon, and Prabhu Narasimhan, and is accompanied by an investor presentation arguing that shareholders should support Garg's plan to return competent management to Better. The presentation contrasts Better's performance under Garg, claiming that by August 3, 2026, funded loan volume had grown 2.5 times, revenue had increased by 15%, and adjusted EBITDA had improved by more than 26%, against the decline in share price and market capitalization following the board's move to oust Garg in August. Garg said Daniel Lewis lacks the mortgage, fintech, and operating experience Better needs, and that the plan includes a highly qualified new CEO, a diverse and independent board, and a role for Garg focused on product and innovation. The Garg Group has set an updated target date of September 18, 2026 for the submission of written consents, and is urging shareholders to sign, date, and return the GREEN consent card.
Better Home & Finance Holding CompanyFounder Vishal Garg filed SEC consent materials to oust five Better board members, a governance/control fight with unclear net impact on the company.
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